Nigeria's total crude oil sales was $470B in all 5 years of Pre. Jonathan's administration and $489B for Yaradua+Obasanjo+Abdusalami+Abacha
administrations combined, in unadjusted numbers.
Adjusted for inflation, the numbers are $488.8B vs. $
594B for Jonathan vs. Yaradua+Obj+Abdusalami
+Abacha combined.
To arrive at these numbers, I took average monthly
production - very fine data resolution, and calculated how much dollars volumes we sold each year. For adjustment for inflation, I used 2.5% annual $ inflation rate. To put inflation adjustment in
perspective, $1.00 in 1999 is equivalent to $1.44 in
2014. In just 5 years, Jonathan's administration has
generated as much crude oil sales as all 16 years of
Yaradua, Obasanjo, Abdusalami and Abacha's
administrations combined in unadjusted numbers.
This comes to $470B vs $489B in unadjusted
numbers. When adjusted for inflation, the numbers
are $488.8B vs. $594B for Jonathan vs. Yaradua+Obj
+Abdusalami+Abacha combined. The numbers are
what they are because oil price has risen almost 7-8
folds during this period, nearly an order of
magnitude increase. In addition to price increase,
Nigeria's crude oil output has also increased. I am
hoping we can start asking tough questions, we'd
continue to be hoodwinked. My question again is
simple: even with 2.5% annual inflation adjustment,
the numbers are $488.8b vs $594b. Does the
investment in Nigeria in the past 5 years add up to ~$500B.
Source: www.saharareporters.com/2014/10/19/jonathans-oil-revenue-much-yaradua-obj-abdusalami-abacha-combined

Why won't it be like that when petrol is #97 and the incessant hoarding of petroleum products

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